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Indonesia

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Indonesian Ministry of Trade (MOT) issued a Regulation No. 36 of 2023 on Import Policy and Import Arrangement (“MOT Regulation 36”), which tighten the flow of imported goods into Indonesia through import restrictions. After MOT Regulation 36 started effective on 10 March, there have been business disruptions due to black-out period, difficult requirements to obtain the import approval and longer lead times for customs clearance (piling up of containers at the port) – eventually affecting…

The Indonesian government is currently trying to tighten the flow of imported goods into Indonesia. As part of that effort, the government aims to further amend Minister of Trade Regulation No. 25 of 2022 on Amendment of Minister of Trade Regulation No. 20 of 2021 on Policy and Arrangements of Import (“MOT Regulation No.25/2022”). The revision involves changing the import trading system for several types of commodities from “post-border” to “border”. The difference between the…

Singapore’s Ministry of Trade and Industry announced that on 9 April 2021, Singapore deposited its instrument of ratification with the Secretary-General of ASEAN and became the first country to complete the official process for ratification of the Regional Comprehensive Economic Partnership (RCEP) Agreement. It is understood that China, Japan and Thailand completed their domestic procedures to approve RCEP, but apparently have not deposited their instruments of ratification with ASEAN. RCEP is the world’s largest free trade agreement and…